• Fizz@lemmy.nz
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    14 hours ago

    child tax credit only lasted one year

    not true at all

    the cost reduction was only for the elderly

    Not true and even if it was 100% elderly people it is still a bill that grants significantly cheaper drugs for 65million people of a demographic that is the most in need of perscription medication. Which is a objectively a good bill and furthers left wing ideals. If you dont agree I genuinely dont believe you are on the left since you actively want a worse world.

    Are you getting your info from google AI summaries, im genuinely curious how you are so confidently wrong.

    • AppleTea@lemmy.zip
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      2 hours ago

      https://www.cnn.com/2023/01/09/politics/inflation-reduction-act-medicare-insulin-cap/index.html

      Senior citizens and other Medicare enrollees can now get a break on the cost of their insulin.

      They won’t pay more than $35 a month for each insulin prescription that’s covered by their Medicare Part D plan. And they won’t be subject to a deductible for insulin.

      https://www.cbsnews.com/news/biden-budget-tax-child-tax-credit-ctc-eitc-who-qualifies/

      The CTC isn’t a new tax credit — it’s been around since the 1990s. But as the nation struggled to emerge from the pandemic in 2021, lawmakers expanded the $2,000 credit to as much as $3,600. As part of that expansion, families received half of the CTC in monthly checks over six months, providing them with as much as $300 per child for each of those months.

      That expanded tax benefit, which proved to be immensely popular with families, also helped lift millions of kids out of poverty. Once it expired in 2022, the poverty rate for children soared.